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Gold Cracks $1600 Alleviating Backwardation

Gold Cracks $1600 Alleviating Backwardation

On Sunday evening during Asian trading gold (AMEX:GLD) was trading in backwardation, a state where the front month cutures contract was trading at a higher price than future month contracts. … Read more »

AMD Stays Afloat, Revenues Down

AMD Stays Afloat, Revenues Down

Advanced Micro Designs (NYSE:AMD) reported 2nd quarter earnings on Thursday and the results were in line with the lowered guidance they announced to the market last week.  Top line revenue… Read more »

Qualcomm Continues to Power Everything

Qualcomm Continues to Power Everything

Unlike Intel (NASDAQ:INTC) Qualcomm (NASDAQ:QCOM)defines mobile.  And because of that their earning report read like a veritable crony capitalist Wall St. wet dream on steroids.  You see unlike the banks… Read more »

Barclay’s Fixes Interest Rates and Gets to Save Face

Barclay’s Fixes Interest Rates and Gets to Save Face

If you want to know why people are angry at the banking sector one needs to look no further than the report that Barclay’s is being allowed to save face… Read more »

Herman Miller Inc.: 4Q profit down

Herman Miller Inc.: 4Q profit down

On Wednesday Herman Miller Inc. reported that its fourth quarter profit declined by 30 percent because it faced high income tax expenditures, the value of a few of its brands… Read more »

4Q income of H&R Block drops

4Q income of H&R Block drops

The nation’s biggest tax preparer, H&R Block reported yesterday that due to reduced income and restructuring costs its fourth-quarter profit declined by 11 percent as compared to last year. Its… Read more »

McCormick & Company: Earnings Preview

McCormick & Company: Earnings Preview

McCormick & Company will report its 2nd quarter earnings on June 27, 2012. The company is involved in the distribution, marketing, and manufacturing of flavors as well as other specialty… Read more »

Ryder System plunges

Ryder System plunges

On Friday Shares of Ryder System Inc. were the highest losers in the S&P’s 500 index, because of the company’s reduced earnings prediction for the 2nd quarter as well as… Read more »

Microsoft Takes on Apple with Surface

Microsoft Takes on Apple with Surface

Let the Windows 8 games begin.  One week after Apple (NASDAQ:AAPL) held their WWDC and showed off the stupendously cool MacBook Pro with the Retina display, which really was the… Read more »

FedEx Expects Slower Earnings

FedEx Expects Slower Earnings

On Tuesday, the package delivery giant reported that due to slow global economic growth its earnings during the next 12 months will be adversely affected. The Memphis-based company vowed to… Read more »

Oracle’s Fourth-Quarter Results

Oracle’s Fourth-Quarter Results

In a surprise move on Monday, Oracle Corp. announced its fourth-quarter results. The results were reported to analysts at a hurriedly arranged conference call by Oracle’s chief financial officer, Safra… Read more »

Capstone’s Fourth Quarter Earnings

Capstone’s Fourth Quarter Earnings

Capstone’s Fourth Quarter Earnings. On Thursday Capstone Turbine Corporation reported last quarter and fiscal 2012 results. The company revealed backlog for the quarter, record orders and revenue. But the leading… Read more »